AIA Group Ltd Buys 10,435 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Key Points

• AIA Group Ltd has increased its stake in Trip.com Group by 8.3%, now owning 135,533 shares valued at approximately $8.62 million.
• Multiple hedge funds have significantly boosted their positions, with National Bank of Canada FI increasing holdings by an astounding 220,646% in the first quarter.
• Analysts have mixed ratings on Trip.com Group, with the stock receiving a consensus rating of "Buy" and a price target increase from various firms.

AIA Group Ltd grew its stake in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,533 shares of the company's stock after purchasing an additional 10,435 shares during the period. AIA Group Ltd's holdings in Trip.com Group were worth $8,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TCOM. Alliancebernstein L.P. acquired a new position in shares of Trip.com Group during the fourth quarter valued at about $1,358,000. National Bank of Canada FI raised its holdings in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Trip.com Group by 24.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,104 shares of the company's stock worth $9,894,000 after acquiring an additional 28,107 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Trip.com Group during the fourth quarter worth about $409,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Trip.com Group during the fourth quarter worth about $4,192,000. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Stock Down 0.2%

TCOM stock traded down $0.14 during trading on Tuesday, reaching $59.34. The stock had a trading volume of 4,310,289 shares, compared to its average volume of 2,535,979. Trip.com Group Limited Sponsored ADR has a one year low of $40.71 and a one year high of $77.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $60.90 and its two-hundred day moving average is $61.98. The company has a market capitalization of $38.77 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.85 and a beta of 0.06.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TCOM shares. TD Securities boosted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Benchmark reissued a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $77.25.

Trip.com Group Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.